PPP Loan Data — Lucas Associates Inc, Atlanta, GA
Lucas Associates Inc is a located at 950 East Paces Ferry Ne in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $6,000,000.00 in May, 2020.
$ PPP Loan Information
Lender:FIFTH THIRD BANK
Lucas Associates Inc in Atlanta, GA received a Paycheck Protection Loan of $6M through FIFTH THIRD BANK, which was approved in May, 2020.
Based on standard PPP eligibility rules, Lucas Associates Inc's total 2019 payroll expenses were approximately $28.8M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $57,600 per employee1.
Business Information - Lucas Associates Inc in Atlanta, GA
950 East Paces Ferry Ne
Atlanta, GA 30326
Executive Search Services (NAICS code 561312)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: GA-05
Similar Companies near Atlanta
In the Atlanta area, 5 businesses in the "Executive Search Services" industry received a PPP loan. These local businesses reported an average of 187 employees (compared to this company's 500) and received an average PPP loan of $1,608,847 (compared to this company's $6M).
Similar Nearby Businesses Who Received PPP Funding:
Lucas Associates Temps, Inc.
The Monty Group LLC
AMS Locums LLC
Assurgent Medical Solutions Ll
Industry PPP Comparison Statistics
Nationwide, 4,499 businesses in the "Executive Search Services" industry received a total of $602,770,500.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 98% lower than Lucas Associates Inc's reported 500 employees, and received an average PPP loan of $133,979, 98% lower than this company's loan of $6M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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